ExxonMobil Guyana Limited (EMGL) has put on record that no crude produced in the Stabroek Block is utilised for its operations there.
The Friday afternoon statement from Exxon sought to clarify a local media report that questioned how many barrels the U.S. supermajor is using for its offshore developments. Three are currently online.
“EMGL’s offshore operations use none of the crude produced in the Stabroek block. All of the crude oil recovered is lifted for sale in one-million-barrel cargos by the Government of Guyana and the co-venturers,” the company outlined.
The Stabroek Block operator reminded that “Various government agencies, onshore and offshore, monitor all crude cargo lifts, including those assigned to the coventurers.”
Read more here: No oil can be lifted without regulator present – ExxonMobil reaffirms
So, “The idea of secret crude cargos has no basis in reality,” the company continued.
ExxonMobil is the operator of the Stabroek Block with a 45% stake, while Hess holds 30% and CNOOC holds 25%. The operator has so far discovered 11.6 billion oil-equivalent barrels and is actively producing oil from three developments.
